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At a Texas mini-ag conference on Sept. 9, a Texas A&M economist explained that cattle markets moved as expected after the Tyson Holcomb fire.
Beef prices rose on perceived supply loss, while live cattle prices fell on the perception of lower packing demand. Trade wars and the domestic economy were also raised as concerns.
Buyer perceptions of reduced packing capacity pushed beef up and live cattle down, and the market is adjusting as plants reorganize. Ongoing trade and economic uncertainty adds risk to cattle values.
hpj.comHPJ StaffSep 23, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
